Ajak Corporation Owns 85% of the Single Class of Utech

question 53

Multiple Choice

Ajak Corporation owns 85% of the single class of Utech Corporation stock. Utech Corporation owns 35% of Tech Corporation. Ajak Corporation also owns 50% of Tech Corporation, and Tech Corporation owns 75% of Baxter Corporation.

• A)Ajak, Tech, Utech, and Baxter Corporations are an affiliated group.
• B)Ajak, Tech, and Baxter Corporations are an affiliated group.
• C)Ajak, Tech, and Utech Corporations are an affiliated group.
• D)None of the above are correct.

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Definitions:

Innovation Process

A series of steps that includes the generation, development, and implementation of new ideas, products, or processes.

Commercializing Innovation

The process of transforming new ideas, technologies, or inventions into viable commercial products or services.

Technological Conditions

Refers to the current state and advancements of technology within a specific field or the broader environment, influencing business operations and strategies.

Scientific Advancements

The progress achieved in scientific research, leading to new discoveries, innovations, and applications.